I need to send a money order for a payment, but I’ve never done this before in the UK. Can anyone tell me how much money orders typically cost here? Also, are there any specific places or tips you’d recommend for getting one? Any help would be greatly appreciated!
In the UK, the cost of a money order varies based on the amount sent and the purchase location. Here’s a general overview:
Post Office:
£0.50 - £4.99: 50 pence fee
£5 - £9.99: £1 fee
£10 - £99.99: 12.5% of the face value (capped at £12.50)
£100 - £250 (maximum value): £12.50 fee
Where to Get a Money Order:
The most common place to obtain a money order in the UK is the Post Office. Here are the advantages:
Wide Accessibility: Post Office locations are widespread across the UK, ensuring easy access. Transparent Pricing: The Post Office clearly outlines their money order fees, providing clarity on costs. Maximum Limit: Money orders up to £250 can be obtained at the Post Office, adhering to the maximum allowable amount.
Tips for Obtaining a Money Order:
Prepare Exact Cash: Payment for the money order and the designated amount typically requires exact cash. Complete the Form Accurately: Ensure accuracy in filling out the recipient’s details and the amount sent to avoid delays or issues. Retain the Receipt: The receipt serves as proof of purchase and includes a tracking number if available.
Alternatives to Money Orders:
Consider these alternatives which may be more suitable depending on your needs:
Bank Transfer: For UK-based transactions between bank accounts, this option can be quicker and potentially more cost-effective, especially for larger sums.
Online Payment Services: Platforms like PayPal facilitate electronic money transfers, suitable when traditional bank accounts are not available.
In the UK, postal orders (similar to money orders) are provided by Royal Mail. They cost an additional fee based on the order amount: £0.85 for orders up to £4.99, £1.25 for orders between £5.00 and £9.99, and 12.50% of the face value for orders from £10.00 to £250, with a maximum fee of £12.50. Always verify current rates with Royal Mail, as they can change.
In the UK, money orders typically cost around £8-£10. You can get them from post offices or some banks. Be sure to bring ID and check for any specific requirements.